CBN fraud: Emefiele would have faced firing squad in China, says Onanuga

Special Adviser to the President on Information and Strategy, Bayo Onanuga, said the revelations on how Emefiele ran the CBN would have fetched him the capital punishment were he to be a Chinese official.

“If Godwin Emefiele and his gang had committed these egregious misappropriations in China, they will by now be facing the firing squad for high treason”, Onanuga said on his X handle aonanuga@1956, yesterday

Among other infractions, Emefiele allegedly invested public money (billions of dollars) in 593 accounts in the United States, China and the United Kingdom without authorisation.

In the UK alone, Emefiele allegedly kept £543,482, 213 in fixed deposits without authorisation by the CBN Board and the Investment Committee.

Also, about N1.7 trillion spent on COVID 19 intervention management did not get to the right beneficiaries.